Olympics News
A Canceled Olympics Would Slap Insurers With Historic Loss
Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six ...
Insurers Accused by Olympics, USPOC of Holding up Nassar Sexual Abuse Settlement Talks
The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with ...
Doubts Remain Whether Postponed Olympics Will Be Held Even in 2021
As the coronavirus spreads in Japan, the chief executive of the Tokyo Games said Friday [April 10] he can't guarantee the postponed Olympics will be staged next year – even with the long delay. ...
Insurers Gain Reprieve With Olympics Delay Rather Than Cancellation
Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a ...
Insurers Risk Significant Losses if Coronavirus Prompts Olympics Cancellation
Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of ...
‘Olympic Destroyer’ Malware Likely Used to Target Pyeongchang Games
Several U.S. cyber security firms said on Monday that they had uncovered a computer virus dubbed "Olympic Destroyer" that was likely used in an attack on Friday's opening ceremony of the Pyeongchang ...